Larry Pressler on Tax Reform

Former Republican Senator (SD)

Raise taxes on estates worth more than $10 million

Pressler has declared his support for the president's health care law and frequently invites the president to visit the state to lecture on the law. He had previously endorsed Obama for president and talked up his support for gay marriage. He recently
highlighted his support for raising taxes on estates worth more than $10 million and offering a five-year path to citizenship for immigrants who enter the country illegally. "This is my last campaign and I'm saying exactly what I believe," Pressler said.

Rich people willing to pay more taxes to help our country

He thinks a solution to the deficit would be pretty easy to reach if both sides cared more about policy than politics: raise some taxes, close some loopholes, slightly raise the Social Security eligibility age, lower the cost-of-living adjustment and cut
defense spending.

"I don't meet any rich people who aren't willing to pay slightly more taxes, if it would help our country," he said, criticizing past GOP presidents for running up deficits and Grover Norquist for pushing the no-new-taxes pledge.